Studio City Ih (NYSE:MSC) Shares Up 7.8% - Still a Buy?

Key Points

• Studio City Ih (NYSE:MSC) shares rose 7.8% in mid-day trading, reaching a high of $4.47 before closing at $4.34.
• Despite the surge in share price, Weiss Ratings issued a "sell (d-)" rating, indicating a generally negative outlook for the stock with a consensus rating of "Sell."
• The company's market cap is approximately $913.47 million, with a P/E ratio of -12.39 and a debt-to-equity ratio of 3.62, highlighting financial challenges.

Studio City Ih (NYSE:MSC - Get Free Report) shares shot up 7.8% during mid-day trading on Wednesday . The stock traded as high as $4.47 and last traded at $4.34. 2,397 shares were traded during trading, a decline of 82% from the average session volume of 13,491 shares. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Studio City Ih in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Studio City Ih Stock Performance

The firm has a fifty day moving average of $4.36 and a 200-day moving average of $3.81. The firm has a market cap of $913.47 million, a P/E ratio of -12.39 and a beta of -0.14. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 3.62.

Studio City Ih Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.

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